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Touchstone Exploration Inc T.TXP

Alternate Symbol(s):  PBEGF

Touchstone Exploration Inc. is a Canada-based company engaged in the business of acquiring interests in petroleum and natural gas rights and the exploration, development, production and sale of petroleum and natural gas. The Company is active in onshore properties located in the Republic of Trinidad and Tobago. It operates Trinidad-based upstream petroleum and natural gas activities under state exploration and production licenses with the Trinidad and Tobago Ministry of Energy and Energy Industries (MEEI), Lease Operatorship Agreements (LOAs) with Heritage Petroleum Company Limited and private subsurface and surface leases with individual landowners. Its main exploration focus is the Ortoire exploration block. The Ortoire exploration block covers about 44,731 gross acres on the east side of Trinidad. Its other exploration prospects include Royston, Coho, Cascadura, and Chinook. The Royston location is targeting a deep gas prospect with an estimated target depth of about 11,500 feet.


TSX:TXP - Post by User

Comment by Ginmungeron Mar 12, 2021 4:17pm
128 Views
Post# 32787828

RE:right goaweight

RE:right goaweight
It sounds like Predator only extracted about 2,000 barrels at the higher rate, so we are talking about a relatively small well, less than 100 bopd, and im sure it cherry picked, but you are definitely right, it's way too early to consider doing this in the txp western fields and it might never work. Doesn't cost us a thing to keep an eye on it. PB said that they plan to do water injection before doing anything fancy like injecting C02. Lets get back to reality, Gas production in Trinidad fell almost 20% last year. From 3.5 bcf to 3.1 bcf, the island is starved for foreign currency and Ngc is doing studies and gearing up to lay some pipe at no expense to Txp. Why do you keep saying there's not enough demand when there is clearly a dearth of gas on the Island and Methanex said that they will restart their 2nd plant if they can secure a long term source of gas? Don't you think they would ink the deal with Ngc who is laying pipe, not txp?
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